Silver Lake submits revised bid for St Barbara’s Leonara assets

Silver Lake Resources Ltd made a revised offer on Thursday to buy St Barbara Ltd’s Leonara assets in Western Australia for A$707 million ($479.56 million), allowing the latter to secure a 7.5% stake in the gold miner.

St Barbara said earlier this month it would continue to back a bid of A$600 million from Genesis Minerals Ltd for Leonara assets.

($1 = 1.4743 Australian dollars)

(By Archishma Iyer; Editing by Sherry Jacob-Phillips)